Goldman Sachs said this after the strong fourth-quarter results were posted:

We expect the company to be a key beneficiary in this higher oil price environment, and we remain positive around the company’s sharp positive inflection in capital allocation strategy, Upstream portfolio, and leverage to a further demand recovery, with ExxonMobil offering greater Downstream/Chemicals exposure relative to peers.

Shareholders receive a 4.37% dividend, which will continue to be defended. The $110 BofA Securities price target is well above the $81.55 consensus target. Exxon Mobil stock closed on Wednesday at $80.53.

Kinder Morgan

This top energy stock remains a favorite across Wall Street. Kinder Morgan Inc. (NYSE: KMI) operates as an energy infrastructure company in North America. The company operates through the following segments.

The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipelines and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; NGLs fractionation facilities and transportation systems; and liquefied natural gas (LNG) liquefaction and storage facilities.

The Products Pipelines segment owns and operates refined petroleum products and crude oil and condensate pipelines, as well as associated product terminals and petroleum pipeline transmix facilities.

The Terminals segment owns or operates liquids and bulk terminals that store and handle various commodities, including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke. It also owns tankers.

The CO2 segment produces, transports and markets CO2 to recover and produce crude oil from mature oil fields, and it owns interests in or operates oil fields and gasoline processing plants, as well as operates a crude oil pipeline system in West Texas. It owns and operates approximately 83,000 miles of pipelines and 144 terminals.

Shareholders receive a 5.95% dividend. Mizuho has set a $21 price objective, while the consensus target for Kinder Morgan stock is $19.12. Wednesday’s closing print was $18.14.